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Politics : THE VAST RIGHT WING CONSPIRACY -- Ignore unavailable to you. Want to Upgrade?

To: calgal who wrote (5523)	1/21/2004 12:30:06 AM
From: calgal	Respond to of 6358

Schwarzenegger Starts $15B Bond Campaign By BRIAN SKOLOFF ASSOCIATED PRESS URL:http://www.lasvegassun.com/sunbin/stories/nat-gen/2004/jan/20/012004591.html Schwarzenegger Starts $15B Bond Campaign FRESNO, Calif. (AP) - Gov. Arnold Schwarzenegger told California voters Tuesday that they face "Armageddon cuts" in public services unless they approve his plan to borrow $15 billion to get the state out of debt. Even as polls suggest voters are skeptical of Schwarzenegger's plan, he appeared optimistic that the state will eventually support him if faced with definite cuts and possibly higher taxes. "I call them Armageddon cuts," he told a crowd of about 150 invited guests at a Fresno ceramics plant. "We have the $15 billion economic recovery bond. We consolidate the inherited debt and refinance it, which is exactly what a financial adviser would say ... Then we are out of the hole. We are on our way to recovery." Schwarzenegger stressed the bipartisan nature of the campaign, as Democratic state Controller Steve Westly joined him to call the bond measure "the most important vote most of you will cast in your lifetime." The measure goes before voters on March 2. The bonds would pay off short-term notes that come due in June, when Westly says the state would run out of money. "In this next budget, there are going to be cuts across the board, including in education," Westly said. "What we are trying to avoid here is a jolt on top of that." With the vote just six weeks away, Schwarzenegger is expected to make at least two campaign stops a week throughout the state to sell the bond measure. He is also raising money for a television ad campaign.